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Segment Information (Tables) | 3 Months Ended
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Oct. 27, 2024
Segment Reporting [Abstract] |
Schedule Of Segment Reporting [Table Text Block] |
|  | Three Months Ended |  |
(Millions) |  | October 27, 2024 |  | October 29, 2023 |  |  |  |
Net sales |  |  |  |  |  |  |  |
Meals & Beverages |  | $ | 1,706 |  |  | $ | 1,404 |  |  |  |  |
Snacks |  | 1,066 |  |  | 1,114 |  |  |  |  |
Total |  | $ | 2,772 |  |  | $ | 2,518 |  |  |  |  |
|  | Three Months Ended |  |
(Millions) |  | October 27, 2024 |  | October 29, 2023 |  |  |  |
Earnings before interest and taxes |  |  |  |  |  |  |  |
Meals & Beverages |  | $ | 337 |  |  | $ | 287 |  |  |  |  |
Snacks |  | 142 |  |  | 161 |  |  |  |  |
Corporate income (expense)(1) |  | (106) |  |  | (88) |  |  |  |  |
Restructuring charges(2) |  | (6) |  |  | (2) |  |  |  |  |
Total |  | $ | 367 |  |  | $ | 358 |  |  |  |  |
_______________________________________ (1)Represents unallocated items. Costs related to cost savings and optimization initiatives were $29 million in the three-month period ended October 27, 2024, and $11 million in the three-month period ended October 29, 2023. Unrealized mark-to-market adjustments on outstanding undesignated commodity hedges were gains of $4 million in the three-month period ended October 27, 2024, and losses of $15 million in the three-month period ended October 29, 2023. Accelerated amortization expense related to customer relationship intangible assets was $7 million in the three-month periods ended October 27, 2024 and October 29, 2023. Insurance recoveries of $1 million and costs of $3 million related to a cybersecurity incident were included in the three-month periods ended October 27, 2024 and October 29, 2023, respectively. Litigation expenses related to the Plum baby food and snacks business, which was divested on May 3, 2021, and certain other litigation matters were $1 million and $2 million and were included in the three-month periods ended October 27, 2024 and October 29, 2023, respectively. A loss on the sale of our Pop Secret popcorn business of $25 million was included in the three-month period ended October 27, 2024. A postretirement actuarial loss of $2 million was included in the three-month period ended October 27, 2024. Costs of $9 million associated with the acquisition of Sovos Brands were included in the three-month period ended October 29, 2023. (2)See Note 8 for additional information.
Additional Product Information for Net Sales [Table Text Block] | Our net sales based on product categories are as follows:
|  | Three Months Ended |  |
(Millions) |  | October 27, 2024 |  | October 29, 2023 |  |  |  |
Net sales |  |  |  |  |  |  |  |
Soup |  | $ | 852 |  |  | $ | 860 |  |  |  |  |
Snacks |  | 1,128 |  |  | 1,173 |  |  |  |  |
Other simple meals |  | 613 |  |  | 302 |  |  |  |  |
Beverages |  | 179 |  |  | 183 |  |  |  |  |
Total |  | $ | 2,772 |  |  | $ | 2,518 |  |  |  |  |

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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